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Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 216,694 $ 148,146
Accounts receivable, net 232,129 140,186
Inventories, net 1,273,969 1,020,136
Prepaid expenses and other 19,959 15,986
Total current assets 1,742,751 1,324,454
Property and equipment, net 1,347,748 1,278,207
Operating lease right-of-use assets, net 106,301 69,008
Goodwill, net 418,270 370,331
Other assets, net 54,299 77,977
Total assets 3,669,369 3,119,977
Current liabilities:    
Floor plan notes payable 851,715 630,731
Current maturities of finance lease obligations 26,388 26,695
Current maturities of operating lease obligations 15,406 12,096
Trade accounts payable 175,563 122,291
Customer deposits 73,768 80,561
Accrued expenses 156,713 131,130
Total current liabilities 1,299,553 1,003,504
Long-term debt, net of current maturities 401,760 334,926
Finance lease obligations, net of current maturities 82,204 89,835
Operating lease obligations, net of current maturities 92,076 57,976
Other long-term liabilities 19,876 26,514
Deferred income taxes, net 144,589 140,473
Shareholders’ equity:    
Preferred stock, par value $.01 per share; 1,000,000 shares authorized; 0 shares outstanding in 2022 and 2021 0 0
Common stock, par value $.01 per share; 60,000,000 Class A shares and 20,000,000 Class B shares authorized; 42,808,333 Class A shares and 12,266,309 Class B shares outstanding in 2022; and 43,107,867 Class A shares and 12,398,606 Class B shares outstanding in 2021 570 563
Additional paid-in capital 488,170 470,750
Treasury stock, at cost: 979,978 Class A shares and 927,330 Class B shares in 2022; and 339,786 Class A shares and 492,052 Class B shares in 2021 (90,686) (36,933)
Retained earnings 1,212,919 1,031,582
Accumulated other comprehensive income 64 787
Total Rush Enterprises, Inc. shareholders’ equity 1,611,037 1,466,749
Noncontrolling interest (18,274) 0
Total shareholders’ equity 1,629,311 1,466,749
Total liabilities and shareholders’ equity $ 3,669,369 $ 3,119,977